Posts Tagged ‘Economy’

Zimbabwe, the state of hyperinflation

Zimbabwe, the state of hyperinflation

Zimbabwe, the state of hyperinflation

Located in southern Africa, Zimbabwe is a state famous for its economic problems. After a very good economic period during the 1980s and 1990s when Zimbabwe recorded strong economic growth each year, the country’s economic situation turned bad during the Congolese war.

The implication in the Congolese war between 1998 and 2002 had huge implications upon the Zimbabwean economy. The financial resources of the country were drained by the war and the country started to fall apart. (more…)

Top ten poorest countries in the world

Top ten poorest countries in the world

Top ten poorest countries in the world

The recent global economic crises that shook up the whole world made us value the money much more than before.  Know we all know how important is to live in a rich country that is more stabile and safe.

While Americans and Europeans start to recovery from the financial crises, there are some people fighting to survive another day. They had the misfortune to be born in poor countries, with practically no chance to live a decent life. (more…)

Binary options, the hottest trend in forex

Binary options, the hottest trend in forex

Binary options, the hottest trend in forex

A new way of forex trading developed recently. Is called binary options trading and makes forex trading a piece of cake. Binary options are based on a simple principle: the rate of an asset or a currency pair has only two possibilities: to go up or down. That is why binary options look more like a bet than a forex trade.

The binary term used comes from the only two possible outcomes of an option like this. The binary options jut hit the online market and their popularity increases exponentially each day. (more…)

Richest countries in the world

Richest countries in the world

Richest countries in the world

It’s not just a minor coincidence the fact that the most powerful states in the world also have strong economies being also the richest countries. Large economies based on a large population and a good productivity represents the advantages that large states have in front of smaller countries. Today, more than ever before, money gives power, so many of the most powerful states gained their power only due to their large economies.

The richest countries in the world based on the 2009 gross domestic product are: (more…)

Forex market

Forex market

Forex market

The foreign exchange market (also known as forex) is one of the largest markets in the world. With a daily turnover of $4 million is easy to see that. Products traded on forex include currencies, currencies future, currency swap and forex swap. The daily turnover is mostly based on foreign exchange swaps (around $1.8 million daily) and on spot transactions (about $1 million daily). (more…)